Thursday, October 06, 2022

major grains-cadusd-trends-trading-targets-oct06/2022-thur.

MARKETS: PRICE SUPPLY/DEMAND-BY MOMENTUM OF TRADING.
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN).
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCZ22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 7.61MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME-DOWN-(782.6-300.2).
TRADING: MOVE DOWN-GAINED MOMENTUM-ON TREND-MID(687-661)-SELLING
TARGETS: (714(687-661)635-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-22/23-UP 11.68MMT 
TRENDS: PRICE: DOWN/CONFIRMED-OPEN INTEREST: DOWN-VOLUME: DOWN-(1765-780.4).
TRADING: DOWN-GAINING M0MENTUM-TESTED/CLOSE@1357-FILLED BREAKOUT GAP UP.
TARGETS: (1320 (1357-1394)1432-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 101.10MMT.
TRENDS: PRICE: UP/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(1363.4-386.4).  
TRADING: MOVE DOWN-GAINING MOMENTUM-ON TREND-MID(895-875)-SELLING.
TARGETS: 881(911-942)973 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-STEADY MOMENTUM-BELOW TREND-MET SUPPORT@7265-SELLING.
TARGETS: 7437(7351-7265)7180-COMMERCIAL MORE LONG-NON COMM NOW SHORT.

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